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Oman Oil hits over $108

Oman Oil hits over $108

Oil prices have risen significantly, with Omani oil reaching $107.48 per barrel, surpassing $108 in some updates, marking an increase of more than $9 compared to recent days. This rise is due to concerns over fuel shortages and increased demand. Conversely, gold prices globally have declined, with 21-karat gold in Oman valued at 45.53 riyals. The surge in oil prices is linked to expectations of increased investment flows into the Muscat Stock Exchange following its upgrade to the FTSE Russell index. Meanwhile, there is an ongoing funding crisis that threatens the education of 5.8 million refugee children who are out of school.

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